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AsteelFlash takes on 191 TES staff

posted by Avatar twilight 341 days ago in CHF

Asteelflash Group is taking over the manufacturing activities of the TES Electronic Solutions plant (EUR 32 million revenue) in Langon (Western France). 191 TES employees will join the group on June 1, 2011. Through this acquisition, Asteelflash ... read more
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Greece, Greece, oh and yes, the Fed

posted by Avatar twilight 342 days ago in USD

Bill Gross, the co-chief investment officer of PIMCO, the world's largest bond fund manager, has said, for example, that he expects a QE3 to take the form of interest rate caps on 2-3-year Treasuries. [ID:nN15279103] Others are less persuaded that the ... read more
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Week in Review June 12-17

posted by Avatar twilight 344 days ago in CAD made popular 344 days ago

CAD manufacturers saw sales slip -1.3% in April, reversing much of the previous month's gains as the Japan earthquake cut off supplies to the auto industry. The Philly Fed factory index came in at a miserable -7.7 this month, mirroring the ugly Empire ... read more
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Sterling to US Dollar and Euro exchange rates The Pound declined to the ...

posted by Avatar twilight 344 days ago in EUR made popular 344 days ago

Euro buyers are well placed to take advantage of the current, particularly considering the ECB still plans to raise interest rates in the Euro-zone in July. Dollar sellers can also take advantage of the best rate in more than two months or least ... read more
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IMF critical of Hungarian measures, finds targets overly ambitious

posted by Avatar twilight 345 days ago in CHF made popular 345 days ago

The one bright spot has been the external sector, which continues to drive economic growth. While the banking system has been resilient, a key short-term risk to credit quality remains the strength of the Swiss franc (CHF). ... read more
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Kuwaiti crude price rises USD 110.94

posted by Avatar twilight 350 days ago in USD made popular 350 days ago

KUWAIT, June 11 (KUNA) -- Price of Kuwaiti crude per barrel rose Friday's trading to USD 110.94 per barrel compared to USD 110.48 pb the day before, the state-run Kuwait Petroleum Corporation (KPC) said on Saturday. Ongoing bullish trend of the oil ... read more
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Pound up against weaker dollar ahead of BoE meeting

posted by Avatar twilight 352 days ago in EUR, GBP

GBP/USD hit 1.6466 during early European trade, the pair's highest since Tuesday; the pair subsequently consolidated at 1.6449, gaining 0.29%. Cable was likely to find support at 1.6323, Tuesday's low and resistance at 1.6546, the high of May 31 and a ... read more
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Australian Dollar Declines On Weaker-than-expected Jobs Data

posted by Avatar twilight 353 days ago in USD, EUR, JPY, GBP, CAD, AUD, NZD made popular 353 days ago

The Australian Bureau of Statistics reported that the unemployment rate remained at 4.9 percent in May. The Bureau said the country added 7800 jobs in May, far below the estimate of 25000 from most economists. The aussie fell to a 2-week low of 1.0576 ... read more
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ECB's Constancio: Reforms proposed so far to improve euro zone governance are ...

posted by Avatar twilight 355 days ago in EUR

By Gerry Davies || June 6, 2011 at 08:14 GMT EUR/USD back down at 1.4620 having run in to decent selling out of Eastern Europe. Oil off close to a buck. Guees that will be weighing a little on EUR/USD. The content of this field will not be shown ... read more
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More toxic debt for Greece around the corner

posted by Avatar twilight 356 days ago in EUR

That does not matter to the Euro, sailing placidly north against most rivals as if having a bright array of fundamental reasons to buy into. On Friday, EUR/USD held the 50% med term Fib level and also the uptrend line at 1.4450 and up it went once more ... read more
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US Dollar Falls on String of Weak Economic Data

posted by Avatar twilight 359 days ago in USD, JPY

By Emily Austin The US dollar lost ground to the euro and the Japanese yen on Thursday, following a string of weak economic data from the US economy. Even though the number of the US initial jobless claims fell by 6000 to 422000 in the week ending May ... read more
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It must be Chinabollox

posted by Avatar twilight 360 days ago in Commodities made popular 360 days ago

Why is Gold coming off as USD falls elsewhere on gloom? The only thing we can think of is that there are two functions. Firstly, the invulnerability now felt by real money who have weathered a catalogue of otherwise disastrous calamities. ... read more